BidaskClub upgraded shares of Century BanCorp (NASDAQ:CNBKA) from a hold rating to a buy rating in a research note issued to investors on Tuesday.
Shares of CNBKA remained flat at $$78.65 during midday trading on Tuesday. 942 shares of the stock were exchanged, compared to its average volume of 6,976. Century BanCorp has a 52 week low of $53.35 and a 52 week high of $89.40. The company has a market cap of $435.34, a P/E ratio of 14.17 and a beta of 0.75. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.47.
Century BanCorp (NASDAQ:CNBKA) last announced its quarterly earnings data on Tuesday, January 16th. The bank reported $1.52 EPS for the quarter. Century BanCorp had a net margin of 17.16% and a return on equity of 12.01%. The company had revenue of $26.11 million during the quarter.
Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Century BanCorp during the 3rd quarter worth about $451,000. Boston Partners lifted its stake in shares of Century BanCorp by 3.9% during the 4th quarter. Boston Partners now owns 78,658 shares of the bank’s stock worth $6,155,000 after buying an additional 2,944 shares during the last quarter. AXA lifted its stake in shares of Century BanCorp by 26.9% during the 4th quarter. AXA now owns 16,624 shares of the bank’s stock worth $1,301,000 after buying an additional 3,524 shares during the last quarter. State Street Corp lifted its stake in shares of Century BanCorp by 3.7% during the 2nd quarter. State Street Corp now owns 57,755 shares of the bank’s stock worth $3,667,000 after buying an additional 2,038 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Century BanCorp by 68.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 26,897 shares of the bank’s stock worth $2,154,000 after buying an additional 10,946 shares during the last quarter. 36.94% of the stock is owned by institutional investors.
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Century BanCorp Company Profile
Century Bancorp, Inc operates as a bank holding company for Century Bank and Trust Company that provides banking products and services. The company accepts savings accounts, NOW accounts, demand deposits, time deposits, and money market accounts, as well as cash management accounts. It offers single-family and multi-family residential loans, municipal loans, commercial and residential real estate loans, and various consumer loans, as well as provides loans for the construction of residential homes, multi-family properties, commercial real estate properties, and land development.
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